Boise, ID. — Liquid FX, an Idaho-based firm that specializes in the design, build, remodel, and service of pools and spas, has been working diligently to secure inventory relating to chemicals and materials that we are expected to use over 2022. Securing these products in advance is an effective way for us to combat current supply chain shortages.
When it comes to products in our industry, the prices of pool and spa-related products have soared. Since April of 2021, the price of oil has risen 90%, the average price of used vehicles has gone up about 40%, and since April of 2020, the price of chlorine tablets has risen 162%. These products are required to operate in our industry, which means that pool and spa business owners have been forced to raise prices in order to stay in business.
With our current economic environment, when businesses raise prices it does not mean their profit margins are improving. Price increases over the previous 2 years have been implemented in order to maintain current profit margins out of necessity. Liquid FX will continue to closely monitor the prices of key products that we use frequently.